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Brexit

GBPUSDTheresa May is betting her legacy from the help of Jeremy Corbyn, will the two head be successful to deliver a deal Brexit before Halloween? After last Thursday’s local electionsin UK, in which both the Conservatives and Labour parties were punished severely by voters for failing to break the political deadlock, May and Corbyn have insisted their parties must now urgently agree a way forward in cross-party talks which will resume on Tuesday. Last week May said: “We have to find a way to break the deadlock. I believe the results of the local elections give fresh urgency to this.” But opposition MPs and Tory Brexiters warned any deal the leadership teams stitch up behind the scenes would face inevitable defeat in parliament and cause more acrimony in the parties. The Observer can reveal that 104 opposition MPs, mainly from Labour but also SNP, Change UK, Green and Plaid Cymru, have written to May and Corbyn insisting they will not back a “Westminster stitch-up” unless there is a firm guarantee that any deal is then put to a confirmatory referendum. At this moment Labour party have 244 MPs in the Parliament and around 80 or less Tory MPs is supporter for May or remain. so there is still risk of not getting enough MP's to pass a deal So if May's plan fail again, or before May and Corbyn reaching agreement, the Tory manage to force May to resign. The GBP option seems that a possibility of GBP drop below 1.2. the main last defence is 1.26. upside limit is 1.3250 and 1.3450. (Max)
by bruceyam
ridethepig | Positional Play in UK Equities 📌 UK Equities remain vulnerable with Brexit & Covid in play. (Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...) (1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally justified. (2) Recognise the idea that we are in a dead-cat-bounce in Equities broadly and that the UK is particularly exposed to these corrections which is key in positional swings! With this said, I struggle to find positives in the UK and in doing so prevents exposure on the bid. In order to bring interest in UK Equities I would need to see the current lows swept and in the event of a no-deal Brexit then we can see as low as 3579.x. (3) Keep to the strategy - avoid getting soft hands and closing out too early (out of fear of missing the rally) and try rather to operate with a sense of calm and tranquility. (4) Aim for total destruction of UK assets in the coming year, sadly the individual mobility of almost every sector will be affected from the political suicide. (5) Get used to observing the complacency and "sell on rallies"; do not let an emotional retail approach be decisive. (6) Remember what is important for Positional swings ... we are not attacking, or even defending, but remaining nimble with the capital outflows, rather like meandering water. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:UK100GBPShort
by ridethepig
3
Pound sells off on Brexit woesThe pound is down 2% against the U.S dollar in the past couple of days, on growing prospects that the United Kingdom will leave the European Union without a trade agreement. Brexit talks are set to continue this week, with UK’s Prime Minister Boris Johnson playing hardball with European Officials. He has imposed a October 15 deadline, to which he plans to quit Brexit talks if no deal is reached. The pounds have mostly forgotten Brexit, with the Coronavirus pandemic guiding everyone’s attention away from the non-completion of Brexit. Seema Shah, Portfolio manager at Principal Global Investors, stated that headlines over the weekend were a “timely reminder that, while the markets have been distracted by the UK’s struggle to rejuvenate the economy, Brexit negotiations have quietly been going nowhere.” The main issues include competition, fisheries, and solving disputes. UK government undermining Brexit, pushing pound lower Further downwards pressure came from the revelation of the UK government is planning to release legislation that would override critical parts of the withdrawal agreement – notably the deal that would undermine the agreement that Boris Johnson signed last year to avoid a return to a hard border. The pound has been rallying since its March lows, up 14.13%. However, it has underperformed compared to its peers. For example, the Australian dollar has rallied 31% since its March lows. The main issue for the pound comes from its appreciation, not discounting Brexit talks. As headlines start to creep up about Brexit near Boris’ October 15 date, the pound’s volatility will increase. Petr Krapta, a currency strategist at ING bank, stated that “the Brexit head is back on and sterling is, in our view, unprepared.” This comes at a time when the UK’s grip on the Coronavirus continues to slip, with daily cases spiking, recording the highest number of daily Coronavirus cases since May.
by BlackBull_Markets
GBPNZD 500 Pip Sell OpportunityThis pair has moved up as predicted months ago, we have now hit a major turning point. Look to sell downwards for 500-900 pips. Indicators: Weekly RSI in strong sell zone. Up trend line broken south Right tip of King's Crown (head and shoulder variation) created. Entry @ 2.000 area Add entry @ 2.050 for possible retest of resistance area. TP 1 @ 1.9460 TP 2 @ 1.9037 This pair will fall so don't miss out. Good luck trading everyone! Please help like these analysis so more people can benefit from it Charles V www.cvfxmanagement.com @cvfxwealth Trading made Simple
Short
by cvfxwealth
GBPAUD Buy 100 pips opportunitySee past GBPAUD trade idea. Price has been hitting past support area. Taking profits in current consolidation of 75-100 pips. Past resistance area of 1.8223 broken and now acting as a strong support. Look to enter @ the following. Entry 1: Current price area of 1.8225 Entry 2: 1.7020 area TP @ 1.8464 area Good luck trading! Please like so more people can benefit from these free analysis. Let me know how I can help. Charles V www.cvfxmanagement.com Trading made Simple.
Long
by cvfxwealth
GBPJPY - AUG 17- 21ST BULLISH CONT ? OR CORRECTION?!HELLO TRADERS, HERE'S OUR ANALYSIS OF GBPJPY WE COULD SEE EITHER A CORRECTION TO THE 135-136 HANDLE OR CONTINUATION TO THE 141-144 PRICE POINT PRICE DID CREATE A NEW WEEKLY HIGH THIS WEEK AND HAS SURPASSED MARCH HIGHS BUT FAILED TO CLOSE AT THE HIGHS THIS WEEK SO WE COULD SEE CONTINUATION COME SUNDAY MARKET OPEN AUGUST 16TH INCREASING WEAKNESS IN JPY NOTICED DUE TO ECONOMIC FACTORS. ANYHOW, WE LIKE TO KEEP IT SHORT AND TO THE POINT. THE TRADING REGIME!
Long
by EvaultFinancialGroup
GBPAUD Buy Update @ strong supportGBPAUD still in uptrend, broken past resistance now support area. See past ideas, have been up hundreds of pips on this one pair alone. Depending on your risk tolerance: Entry 1: Current price of 1.8200 Entry 2: 1.8140 area Entry 3: 1.7880 area I'd recommend breaking up your lot size to 1/3 for each possible entry to minimize risk. TP 1 : 1.8400 area (conservative) TP 2: 1.8464 area Good luck trading! Please help like my free analysis ideas so it can benefit more people. Let me know if I can help in any way! Charles V ww.cvfxmanagement.com Trading made simple.
Long
by cvfxwealth
OVERVIEW OF GBPJPYGreetings Traders ! Our view of GBPJPY Price broke out of prior months channel formation Possible retest-of channel and if 137.700 holds Expect higher highs to139.300 resistance zone and above Otherwise, with economic fundamentals, brexit, stimulus, if chart respects bearish butterfly formation pattern, etc. We could see a bearish move to 136.500 zone as our target. A break from there can bring 131 levels... Feel free to comment and share or like :-). Happy Trading Stay safe! The Trading Regime.
Short
by EvaultFinancialGroup
Sterling Pound could be strenghten in mid-term benefited BrexitThe UK Government it's seem in the pass weekly that the country is ok in the Brexit negotiations and slowing cases of recover in Great Britain. Watching the weekly, we could see a good opportunity to put in short in Euro to buy Sterling in weekly timeframe to pick down near of 700 pips, that is an incredible earns and to earn money in this par if you invest in the par Euro/Sterling Pound. Watching in this par, we see that Euro is weakness and we are in this simetric triangle, also that in Daily we are in the simetric triangle and we are in the consolidation zone from 2016 that this mean a possible distributtion zone., and the price is could be to see a change of trend, that is a warning of us that Euro want to change the trend agains the Sterling. But, looking if the par is Bearish, so the GBP/USD is bullish about the UK news. Finally, in Daily we see another panaromic, we see in Daily that we are in the simetric triangle, but in the pass was an bullish channel and then, this mean a distributtion zone to sell Euro. That zone is the market's cycle that we need to know.
Short
by harisonhbn9718
2
GBPAUD Buy Update 500 Pip OpportunitySee my prior trade idea linked below. Been trading this from the bottom of up weekly channel Great opportunity for a buy. Indicators. 1. Upwards weekly channel bounce at bottom creating a new high. 2. Weekly RSI in buy zone. 3. Broken Resistance area becoming new support. Entry: 1. Current price area of 1.8224 2. 1.7900 area for a deeper conservative retrace. TP 1: Next resistance area of 1.8464 TP 2: Large resistance area of 1.8831 Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com @cvfxwealth Trading made simple
Long
by cvfxwealth
4
ridethepig | EURGBP Market Commentary 2020.08.03📌 Here we have a relatively straight forward move in play. After EUR held the lows buyers can follow through; true, clearly sellers are not in control and failed to obtain the powerful ABC sequence main target. In other words... buyers are aggressive, GBP exposure would be better off elsewhere. The mobility of UK market access will contract (at least in the short-term) with NDB and it's an illusion to say otherwise. EURGBP buyers can enter into play here and on the break attacking new highs at 0.925x as a quick flow target. Invalidation in the swing comes into play below 0.893x as at that moment it would be appropriate to bring things closer to home. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
10
GBP JPY - ride the wave downHello analysts and traders, We have a long term sell in play - the reason why is end of the month and positions are manipulated in order to create tops and profit take. is there a looming supply in which the supply and demand imbalance has created with retail traders still hoping for further longs? Or are August September going to be safehaven assets? Quick technicals; - Channel has formed nicely - - Bullish GBP and still a strong Yen . - Awaiting a nice rejection of the supply mid channel or top of the channel. - Fibonacci - retracement almost at 50% monthly. - Price on the wider timeframe keeps showing a great wave pattern to the downside. Fundamentals - Brexit deal looms and trade deal around the world for the US needs to trigger a large response. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
ridethepig | GBPCAD Market Commentary 2020.07.24⚡️ GBPCAD Fast Flows Here we are trading the breakdown in GBPCAD, with the possible intention of adding on momentum. The question is whether Seller's position is strong enough to put up with such a hammer? Possible similar moves to the previous crash which we traded live: By losing yesterday's lows in GBPCAD, buyers defeat will be seen and the combination of a minimum ABC sequence follows. Tracking 1.708x => 1.689x as the combination blow. But we can of course take it leisurely, assuming the breakdown occurs the flows will be so strong that we need have no anxiety of continuing to add size on. This is because we are able to avoid with a cheeky grin all of our unaware opponents, no matter the reply. Strong and decisive... but so clean and simple. One of my favourite moves. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by ridethepig
7